In his first major directive since his reinstatement by President Bola Tinubu on 17 September, River State Governor, Sir Siminalayi Fubara has dissolved the state pensions board with immediate effect.
The board was inaugurated by Vice Admiral Ibok-Ete Ibas (rtd.), whose six-month tenure during the emergency rule in the state ended last week on 12 September.
The announcement, issued in Port Harcourt, directed members of the dissolved board to hand over all assets and documents in their possession to the director of administration.
No reason was given for the dissolution.
The statement read: ‘The Executive Governor of Rivers State, His Excellency, Sir Siminalayi Fubara, has approved the immediate dissolution of the Rivers State Pensions Board.
‘Consequently, the office of the Accountant-General of Rivers State, henceforth, will handle the functions of the board.
‘Members of the defunct board are by this notice advised to hand over all properties and assets of the board in their possession to the director of administration of the board.
‘His Excellency, the executive governor, will in due course constitute a new board to manage the affairs of pensions’.
